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Date: October 12-14, 2017
Venue: Shenzhen Covention & Exhibition Center

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Innovative Meeting on COD Supervision Model for Courier Sector Held at LSCMA

Date Posted:2010-04-22   Author:    Source:Original site
On the afternoon of April 12, Shenzhen Logistics and Supply Chain Management Association held an Innovative Meeting on COD Supervision Model for Courier Sector at its small conference room making in-depth discussion on innovative supervision of the sector under current situation. Shenzhen Post, ZJS, Yunda, 4PX and Shenzhen Modern Supply Chain Management Institute presented at the meeting which was hosted by Mr. Li Wenyu, director of the Institute.
 
In recent years, as social economy develops, esp. the business model of e-commerce, courier sector in Shenzhen rises like a black horse. In order to expand business scope and attract clients, many courier companies have started COD service, which promotes the development of the company, yet contains huge business risks. Bankruptcy of some courier companies such as DDS has drown government’s attention to the risks of COD.
At the meeting, Mr. Li made in-depth analysis on the similar financial risks in COD business. He pointed out that due to time delay of COD payment, courier companies are able to accumulate some amount of cash, which will turn into relative stable cash flow for business operation of the company under the condition of normal business volume. Some courier companies expect a consistent and stable cash flow of COD, therefore, they invest the cash flow to other development of the company, thus producing a similar financial risk. Upon unfavorable impact on business status or investment of the courier companies, the expected cash flow will not be guaranteed, resulting on emerging similar financial risks, turning into a detonation cord of broken of the company’s capital chain.
 
For supervising similar financial risks of COD, Mr. Li suggested to introduce a third-party supervision pattern, which helps maintain the neutrality of payment platform operation and lower costs during COD transaction, promoting the optimum development of the industry. Other company representatives had also joined in the discussion, expressing their points of view.
 
These policy suggestions of this meeting will be reference for government decision makers in making rule for supervision pattern in courier sector. With the joint efforts from LSCMA and courier companies, the sector will develop better and better.